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Re: naomiabr post# 63101

Monday, 03/05/2012 9:32:24 AM

Monday, March 05, 2012 9:32:24 AM

Post# of 116986
Makes perfect sense...

On the daily, symmetrical triangle / pennant is out of room by tomorrow. 3 support positions:

1. Up trend line
2. Symmetrical Triangle; and
3. 20SMA are 3 very strong support structures on a chart.

Probabilities that they all 3 fail is unlikely, but possible. Moves out of this pattern, which is one of the most reliable, and it's off to the races.

It's my money tree. It's watered with hours of painstaking study and constant learning. Occasionally, I'll give it a good shake, continue watering, and more will grow back.

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